Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat's compensation for 2020 would be $19 million, a 21% decrease from 2019, according to a regulatory filing.
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Morgan Stanley CEO James Gorman got a 22% raise for 2020, making him the highest-paid Wall Street chief with $33 million in total comp. Andrew Burton/Getty Images; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Morgan Stanley was nearly toppled by subprime mortgage exposure during the financial crisis.
In 2020, Morgan Stanley inked big deals for E-Trade and Eaton Vance and raked in record revenue.
CEO James Gorman is now the highest paid bank exec on Wall Street, and the firm recently named a bumper class of new MDs.
The fishing trip that changed Larry Fink into a green warrior
BlackRock co-founder Larry Fink had an epiphany on a fishing trip two years ago. Now he is just one of the bankers who see tackling climate change as a way to fuel profits.
BlackRock CEO Larry Fink says climate risk is investment risk.
David Rowe
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In August 2019, Larry Fink, co-founder of BlackRock, the world’s largest asset management group, flew out to the remote wilderness of Lake Iliamna in south-west Alaska.
Fink makes that pilgrimage every summer with friends such as Philipp Hildebrand, the former Swiss central bank governor who now works at BlackRock, and Mike Corbat, the outgoing head of Citibank. The men engage in fly-fishing, wine-tasting and economic debate amid the mountains’ pristine beauty.
Top 100 CEOs as Best Brand Guardians
Verdict Staff January 26, 2021 (Last Updated January 26th, 2021 10:42)
Ajay Banga, CEO Mastercard
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This year’s world’s top CEO according to the Brand Finance Brand Guardianship Index 2021 is Mastercard’s
Ajay Banga.
Mr Banga announced his transition from CEO to executive chairman in 2020, rounding off a successful and decorated 10 years as CEO. Since taking the helm of Mastercard, Mr Banga has embraced technological innovation, ensuring the brand remained relevant despite a period of rapid change in financial services. Mr Banga also champions the idea of financial inclusion, and has leveraged his influence to build strategic partnerships with financial institutions worldwide to help fight poverty.
Operator
Hello and welcome to Citi s fourth-quarter 2020 earnings review with Chief executive officer Mike Corbat, Incoming Chief Executive Officer Jane Fraser, and Chief Financial Officer Mark Mason. Today s call will be hosted by Elizabeth Lynn, head of Citi investor relations. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session. Also, as a reminder, this conference is being recorded today.
If you have any objections, please disconnect at this time. Ms. Lynn, you may begin.
Liz Lynn
Head of Investor Relations
Thank you, operator. Good morning and thank you all for joining us. Before we get started, I d like to remind you that today s presentation which is available for download on our website, citigroup.com, may contain forward-looking statements which are based on management s current expectations and are subject to uncertainty and changes in circumstances. Ac